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Basin Industries 1503 W Front St 37,717 SF Industrial Building Roanoke, IL 61561 $3,469,964 ($92/SF) 7.50% Cap Rate
Investment Highlights
- Strong Corporate Guarantee
- Attractive Rental Increases
- Brand New, 20-Year Sale-Leaseback
- Mission Critical Facility
Executive Summary
Surmount is pleased to present the exclusive listing for a Basin Industries property located at 1503 West Front Street, Roanoke, IL 61561. The site consists of roughly 37,717 rentable square feet of building space on an estimated 9.85-acre parcel of land. Basin Industries is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $260,247 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $3,469,964 | Building Class | C |
| Price Per SF | $92 | Lot Size | 9.85 AC |
| Sale Type | Investment NNN | Rentable Building Area | 37,717 SF |
| Cap Rate | 7.50% | No. Stories | 1 |
| Property Type | Industrial | Year Built/Renovated | 2006/2022 |
| Property Subtype | Warehouse | Tenancy | Single |
| Zoning | C-2 | ||
| Price | $3,469,964 |
| Price Per SF | $92 |
| Sale Type | Investment NNN |
| Cap Rate | 7.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 9.85 AC |
| Rentable Building Area | 37,717 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2022 |
| Tenancy | Single |
| Zoning | C-2 |
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Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $532,557 | |
| Land Assessment | $40,965 | Total Assessment | $573,522 |
Property Taxes
Parcel Numbers
Land Assessment
$40,965
Improvements Assessment
$532,557
Total Assessment
$573,522
Contacts
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Edward
Otocka
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Francis
Purritano
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Joseph
Kelly
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Tyler
Hardin
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Glen
Kunofsky
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Christopher
Marks
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Brian
Brockman
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